[Korea - August 2026: The EQT-Douzone Deal and Korea’s Mandatory Tender Offer Debate]

On 15 July, Sweden's EQT Group completed its acquisition and delisting of Korea's ERP company Douzone Bizon through its Baring Private Equity Asia (BPEA) arm. The transaction has become a key test case in Korea's renewed debate over mandatory tender offer rules and minority shareholder protection. 

The National Assembly is considering related amendments to the Capital Markets Act, with lawmakers weighing the more practical “50%+1 share rule” for future M&A transactions against the “full buyout rule” for stronger protection of minority shareholders.

For detailed analysis of the EQT-Douzone transaction, legislative proposals, and business implications, the full newsletter is available below.